credit score

A credit score is an unavoidable part of financial life. This three-digit number derived from information on your credit report directly impacts your ability to borrow money or access credit. It is one of the indicators used by lenders to assess how likely you are to repay debts in a timely manner. This score also affects how much you’ll pay to borrow money. The more you know about your credit score and what affects it, the easier it will be for you to protect your credit from negative impacts. Read More “What You Need to Know About Credit Inquiries and Your Credit Score”→

From location, to budgeting, to the right floor plan, there is a lot to consider when searching for the perfect home. In addition to choosing the home features that matter most, you are also faced with decisions about home financing.

A recent survey by the National Association of Realtors (NAR) revealed that homeownership rates are higher among veterans and active military than those who have never served, especially within younger age groups. So, why are military personnel outpacing their non-military peers when it comes to owning a home? There are many possible explanations, but the impact of VA Loan benefits is certainly a factor. Of those surveyed by NAR, 54 percent of veterans and 74 percent of active military said they used VA Loans to finance their home purchase.

One of the first steps to true independence is developing a strong sense of financial responsibility. The moment you start earning any money at all is the ideal moment to learn about money management, budgeting, and the importance of good credit. Whether you are exploring financial independence for the first time, or looking to re-build after a few credit mistakes, here are some options for getting on a path to a solid credit history.

*Under RPM’s Purchase Closing Guarantee, RPM will waive its Lender Fee if a purchase transaction does not close on or before the anticipated date of close of escrow, as agreed to by RPM. The Purchase Closing Guarantee is subject to the following terms and conditions: The loan must be a purchase transaction. The complete loan package must be received by RPM’s Mortgage Banking Operations Center at least 25 days prior to the close of escrow. The Purchase Closing Guarantee timeline begins when the complete loan package is received by the Operations Center. The Purchase Closing Guarantee does not apply if the failure to close within the anticipated close of escrow date is due to events or circumstances beyond RPM’s control. These include, but are not limited to, delays caused by an appraisal value on the subject property that is not acceptable to RPM, acts or omissions by the escrow or title company, second lien holder approvals, short sale approval, condo project eligibility or loan conditions imposed by RPM or the investor that, despite reasonable diligence by RPM,are not met by any party in a timely manner. The Purchase Closing Guarantee does not apply to brokered loans. All programs are subject to borrower and property qualifications. Rates, terms, and conditions are subject to change without notice.